Aggreko (AGK) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Aggreko (LON:AGK) to an outperform rating in a research report released on Tuesday, October 16th. They currently have GBX 1,000 ($13.07) target price on the stock, up from their previous target price of GBX 690 ($9.02).

Other equities analysts also recently issued research reports about the company. HSBC upgraded Aggreko to a buy rating and upped their target price for the company from GBX 740 ($9.67) to GBX 1,050 ($13.72) in a report on Tuesday, August 21st. Jefferies Financial Group dropped their price objective on Aggreko from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a buy rating on the stock in a report on Monday, August 6th. Peel Hunt increased their price objective on Aggreko from GBX 700 ($9.15) to GBX 800 ($10.45) and gave the stock a hold rating in a report on Thursday, September 13th. Liberum Capital restated a sell rating on shares of Aggreko in a report on Wednesday, August 1st. Finally, UBS Group dropped their price objective on Aggreko from GBX 670 ($8.75) to GBX 620 ($8.10) and set a sell rating on the stock in a report on Wednesday, July 4th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Aggreko has a consensus rating of Hold and a consensus target price of GBX 827.25 ($10.81).

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LON AGK traded up GBX 17 ($0.22) on Tuesday, hitting GBX 848.20 ($11.08). 715,502 shares of the company were exchanged, compared to its average volume of 1,200,000. Aggreko has a twelve month low of GBX 638.60 ($8.34) and a twelve month high of GBX 994.50 ($12.99).

About Aggreko

Aggreko Plc supplies modular, mobile power, heating, cooling, and related services worldwide. The company operates in three segments: Rental Solutions, Power Solutions ? Industrial, and Power Solutions ? Utility. It offers power generation products, such as diesel generators, G3+ generators, and gas generators, as well as Solar-diesel hybrid power plants; cooling systems, including cooling towers, chillers, heat exchangers, air handlers, and air conditioners; and desiccant and refrigerated dehumidifiers to prevent metal corrosion, aid processes, preserve equipment on cold stacked offshore rigs, reduce mold and mildew growth during production processes, and dry out water-damaged buildings, as well as to reduce drying times for concrete, insulation, and fireproofing.